Liberty Global Plc (LBTYA) Shareholder First Manhattan Company Has Trimmed Its Stake by $5.40 Million as Market Value Declined; Benchmark Electronics (BHE) Shareholder Lsv Asset Management Lowered Its Position by $8.55 Million as Market Value Rose

April 25, 2018 - By Vivian Park

Benchmark Electronics, Inc. (NYSE:BHE) Logo

First Manhattan Company decreased its stake in Liberty Global Plc (LBTYA) by 81.6% based on its latest 2017Q4 regulatory filing with the SEC. First Manhattan Company sold 154,399 shares as the company’s stock declined 8.90% with the market. The hedge fund held 34,809 shares of the television services company at the end of 2017Q4, valued at $1.25 million, down from 189,208 at the end of the previous reported quarter. First Manhattan Company who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $25.38B market cap company. The stock decreased 2.23% or $0.74 during the last trading session, reaching $32.51. About 782,841 shares traded. Liberty Global plc (NASDAQ:LBTYA) has declined 8.85% since April 25, 2017 and is downtrending. It has underperformed by 20.40% the S&P500.

Lsv Asset Management decreased its stake in Benchmark Electronics Inc. (BHE) by 51.79% based on its latest 2017Q4 regulatory filing with the SEC. Lsv Asset Management sold 294,800 shares as the company’s stock rose 0.34% while stock markets declined. The institutional investor held 274,400 shares of the technology company at the end of 2017Q4, valued at $7.99 million, down from 569,200 at the end of the previous reported quarter. Lsv Asset Management who had been investing in Benchmark Electronics Inc. for a number of months, seems to be less bullish one the $1.45B market cap company. The stock increased 0.49% or $0.15 during the last trading session, reaching $30.55. About 215,555 shares traded. Benchmark Electronics, Inc. (NYSE:BHE) has declined 7.62% since April 25, 2017 and is downtrending. It has underperformed by 19.17% the S&P500.

First Manhattan Company, which manages about $20.51B and $18.25B US Long portfolio, upped its stake in Liberty Broadband Corp by 21,609 shares to 118,237 shares, valued at $10.06 million in 2017Q4, according to the filing. It also increased its holding in Becton Dickinson (NYSE:BDX) by 6,808 shares in the quarter, for a total of 29,064 shares, and has risen its stake in Priceline Grp (NASDAQ:PCLN).

Among 16 analysts covering Liberty Global (NASDAQ:LBTYA), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Liberty Global had 55 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, June 24 by Pivotal Research. The rating was maintained by RBC Capital Markets on Monday, November 9 with “Outperform”. Jefferies maintained the shares of LBTYA in report on Friday, February 2 with “Buy” rating. The company was downgraded on Monday, January 11 by Morgan Stanley. As per Friday, January 27, the company rating was maintained by Pivotal Research. The firm has “Equal-Weight” rating given on Monday, January 23 by Morgan Stanley. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 16 report. The firm has “Buy” rating by Goldman Sachs given on Friday, October 2. Macquarie Research maintained it with “Buy” rating and $3600 target in Tuesday, June 20 report. On Monday, August 7 the stock rating was maintained by Morgan Stanley with “Equal-Weight”.

Among 5 analysts covering Benchmark Electronics (NYSE:BHE), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Benchmark Electronics had 18 analyst reports since July 24, 2015 according to SRatingsIntel. As per Friday, May 27, the company rating was initiated by Berenberg. The company was maintained on Tuesday, July 18 by Needham. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 8. As per Thursday, February 9, the company rating was maintained by Needham. The stock has “Hold” rating by RBC Capital Markets on Thursday, October 12. The rating was maintained by Needham on Friday, October 23 with “Buy”. As per Friday, July 22, the company rating was maintained by Needham. The stock of Benchmark Electronics, Inc. (NYSE:BHE) earned “Buy” rating by Needham on Friday, October 21. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, October 23 report. On Friday, October 21 the stock rating was downgraded by Cross Research to “Sell”.

Liberty Global plc (NASDAQ:LBTYA) Ratings Chart

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